Capital Asset Advisory Services LLC Sells 66 Shares of Arthur J. Gallagher & Co. (NYSE:AJG)

Capital Asset Advisory Services LLC lowered its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,356 shares of the financial services provider’s stock after selling 66 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Arthur J. Gallagher & Co. were worth $661,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Arthur J. Gallagher & Co. in the second quarter worth about $26,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of Arthur J. Gallagher & Co. by 543.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 103 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 87 shares during the period. Quarry LP purchased a new stake in Arthur J. Gallagher & Co. in the second quarter worth $29,000. Rakuten Securities Inc. raised its holdings in Arthur J. Gallagher & Co. by 580.0% in the third quarter. Rakuten Securities Inc. now owns 102 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Arthur J. Gallagher & Co. during the fourth quarter valued at $35,000. 85.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AJG. BMO Capital Markets lifted their price target on shares of Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods raised Arthur J. Gallagher & Co. from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $292.00 to $286.00 in a research report on Friday, January 10th. Jefferies Financial Group raised their price objective on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their target price on Arthur J. Gallagher & Co. from $315.00 to $344.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, Bank of America lifted their price target on Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Arthur J. Gallagher & Co. presently has an average rating of “Hold” and an average target price of $304.07.

Arthur J. Gallagher & Co. Stock Up 2.2 %

Shares of Arthur J. Gallagher & Co. stock opened at $295.87 on Tuesday. Arthur J. Gallagher & Co. has a twelve month low of $227.43 and a twelve month high of $316.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $291.74 and its 200 day moving average is $288.00. The company has a market cap of $73.91 billion, a price-to-earnings ratio of 56.36 and a beta of 0.76.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co engages in the provision of insurance brokerage, reinsurance brokerage, consulting, and third-party claims settlement and administration services. It operates through the following business segments: Brokerage, Risk Management, and Corporate. The Brokerage segment consists of retail and wholesale insurance brokerage operations.